Planning to buy your dream home and want to get home loan from HDFC bank? Then this is the right place as I will share everything about HDFC bank home loan application procedure and other details so that you can be benefited before approaching HDFC bank. Then current HDFC home loan interest rate is 9.45%, which is lowest compared to other banks[by the time you find this article, the interest rate of HDFC bank loan may be different].
In home loan department, HDFC bank has gained a very good reputation. But when I have approached for home loan few years back they have rejected my loan application due to some eligibility issue. Actually the amount I was required and the eligible amount calculated by HDFC bank for home loan disbursement was very less as per my expectation. Anyway, let’s find out more details about HDFC home loan here itself.
Key Highlights of HDFC Bank Home Loan
HDFC bank is a pioneer of Housing Finance in India with over 35 years of lending experience and served for over 3 decades, shared the hopes and joys of 4.4 million customers, who were able to fulfill their dream of buying home. HDFC bank has huge network and branches in any cities which will help customers to get resolved any of their queries without much hassle. They also provide special offers for NRI, farmers, agriculturalists, horticulturalists, people employed with the Indian Army etc.
HDFC bank provide a pre-approved home loan with a faster doorstep service facility as well. You can check out few key features of HDFC loan below.
|Interest Rate||General Customers – 9.45%
Women Borrowers – 9.40%
|Processing Fees||Up to 0.50% of the loan amount or Rs.10,000 whichever is minimum|
|Loan Tenure||1 Year to 30 years|
|Guarantor Requirement||No Guarantor Required|
|Partial Pre-Payment Charges||No prepayment penalty|
|Pre-closure Charges||No foreclosure charges|
But you should contact HDFC bank home loan department contact number first and ask them about the latest home loan interest rate and other rules, as these information may get changes time to time.
Documents Required To Apply HDFC Bank Home Loan
Here is the list of documents you need to produce while applying for home loan in HDFC bank. Actually these are very common set of documents, but in your case they may ask further documents in case required to calculate your home loan eligibility.
|Identity and address proof||Voter’s ID, Aadhaar Card, Passport, Driving Licence, PAN Card.|
|Income proof||Last 6 months bank statement with clear attribution to monthly salary credits, Last 3 months salary slips, Latest Form-16 and IT returns.|
|Additional documents||Employment contract, Appointment letter (applies only if the current employment is less than a year old), Cheque to effect payment of the processing fee, Passport sized photographs of applicant and co-applicants (this must be suitably appended to the application form and said applicant/co-applicants must sign across the same), Bank statement for the last 6 months to ascertain payments for other ongoing loan repayments in this duration.|
|Documents relating to property||Copies of buyer agreement or allotment letter (whatever the case may be), Receipts of payments made to the developer|
How To Apply HDFC Home Loan or Transfer Home Loan To HDFC Bank Online
This is a very simple process to follow. You have to visit the HDFC Online Loan application website and then follow the below steps.
- Fill up the online application form with accurate data and personal details and request for home loan eligibility quote.
- If you are satisfied with the amount of loan HDFC bank will disburse as per your information provided, then apply for home loan in HDFC bank by filling the next form.
- After reviewing your personal data, submit the application online.
- After receiving your application, bank will review your application and then calculate how much loan you are eligible to get and then get back to you. One of HDFC bank agent will visit to your home address to collect the documents and complete all the formalities.
So, have you applied home loan in HDFC bank recently or transferred your home loan to HDFC bank? Could you please share your experience or any kind of tips which will help our readers to get more knowledge before they HDFC bank for home loan? Thanks for reading & sharing this article.